CBRE is offering for sale “Pearl Energy Preston’ comprising a prominent fuel & convenience retail investment, positioned on one of Melbourne’s most heavily trafficked and recognisable northern thoroughfares, directly opposite Preston’s major homemaker and large format retail precinct.

Key highlights of the opportunity include:

+ Prominent 2,727 sqm* landholding with 60+ metre frontage to Bell Street, carrying more than 45,000 vehicles daily and just 11 km* north of the Melbourne CBD
+ 15 year net lease to December 2030, plus three further options of five years each
+ Pearl Energy — one of Australia’s fastest-growing independent petroleum retailers with more than 160 locations nationally
+ Guaranteed income growth via 2.5% fixed annual increases and the tenant responsible for all outgoings excluding land tax
+ Positioned at the entrance to Preston’s major homemaker and large format retail precinct, directly opposite Bunnings Warehouse, Spotlight and Anaconda
+ Net income $273,941 pa*

Please contact the exclusive selling agents at CBRE to obtain further information.

*Denotes Approx.